This report which presents the key characteristics that influence the performance and growth of Small to Medium-Sized Enterprises (SMEs). As the report unfolds you will be given an introduction to the key characteristics that set apart higher performing SMEs from their average counterparts.SMEs account for 99.9 per cent of all enterprises in the UK,60 per cent of the private sector jobs and half of the UK’s Gross Domestic Product (BIS,2010). The valuable role that SMEs play in innovation and value generation is also widely recognised (BERR, 2008; EC, 2009) with SMEs playing a central role in economic policy across the globe. The UK is no exception,with Government setting out economic agendas that place the growth of SMEs at the heart of its work through a range of targeted policies.
The BIG Ten: The Ten Characteristics of Successful Small to Medium-Sized Enterprises